A Wyoming LLC is a company formed by filing articles of organization with the Wyoming Secretary of State. A Wyoming LLC can be created online or by mailing in articles of organization along with a $100 filing fee. A Wyoming LLC does not have shareholders, officers, or directors like a corporation. It has members, which are the LLCs owners, and managers, which are in charge of running the LLC.

Wyoming Limited Liability Company

How do I form a Wyoming LLC?

There is a $100 LLC articles of organization state filing fee. It costs $2 extra to file online. That’s it. Super reasonable for the first LLC to be created in the US and the best LLC in America.

The Wyoming Secretary of State is in charge of filing Wyoming LLCs, and it will take about 3-6 business days to process your Wyoming limited liability company articles of organization if you file by mail. Online filings are processed immediately. If you file the paper form, you have to hire a registered agent, get an originally signed consent form from them, attach that to your LLC articles of organization, and mail in an original and one copy to the Wyoming SOS. Logistically, there’s some back and forth that wastes a few days when you form a Wyoming LLC by mailing the articles yourself.

What is the total Wyoming company cost if I use your service?

$327 for a Wyoming limited liability company and that INCLUDES the state of Wyoming LLC fees.

Should I get a Wyoming LLC bank account?

Sure. It’s easy to get a Wyoming LLC bank account. You will apply for a bank account under your Wyoming LLC name, our Wyoming address, and we will forward your Wyoming business bank account checks and debit cards to you when they come to you at our address. We guarantee the final Wyoming Limited Liability Company filed packet we give you will work with your local bank. We also have written a page about how to get a free Wyoming business bank account here yourself. You’ll need to get a Federal Tax ID Number before applying for a bank account.

How could I form a Wyoming LLC myself?

If you are wondering How to form a Wyoming LLC, we can help! You just hire us as your registered agent. If you want to file a paper form, we send you a consent form the same day,and you will send it with your Articles of Organization to the WY Secretary of State. If you want to file online, we will give you our legal name to use in the online form, and you will be good to go.

How much does a WY LLC cost each year?

What is a Wyoming Close LLC?

Wyoming has a special election you can make on an LLC to make it a Wyoming Close LLC. Basically the theory has been for many years that if you have a single member LLC it does not have as much liability protection as an LLC with multiple members because an actual business with two non related members might have more of a business purpose than a single individual trying to create an alternative identity behind a single member LLC. All this is stupid in our minds. Why should someone that doesn’t have partners not have as much liability protection just because they own the business as a single person? Well, the State of Wyoming agrees and created the Wyoming Close LLC. We’ve outlined it more in the link above, but it provides a lot of really awesome asset protection and planning mechanisms for single member Wyoming LLCs and closely held LLCs.

A Wyoming LLC cannot be used fraudulently. It’s important to remember that just because Wyoming has great asset protection laws for a limited liability company or corporation, you can’t just not pay people and hide behind the entity. The Wyoming courts will fight and reward you for honesty and integrity, but they will quickly allow someone to pierce your corporate veil if you fraudulently defraud people you owe. The good news is if you have no bad intentions with a Wyoming LLC company, you should be protected if you run your Wyoming company properly.

How do I transfer assets into a Wyoming LLC?

An LLC must be capitalized. This is a key element to a Wyoming LLC. In particular, because LLCs can be formed in Wyoming without listing the members (owners) or providing this information to the state because Wyoming does not have an income tax return to file. The Wyoming LLC and registered agent service has been commoditized into a war to provide the cheapest service. These services do you an injustice because you will not be able to really document your ownership of a Wyoming LLC. It all comes back to the money. You need to capitalize your WY LLC. You can do this with cash that you deposit into a Wyoming business bank account, and document this exchange through the LLC membership certificates. Another option is to convey assets you own into the Wyoming LLCs ownership. You can document this exchange through an LLC membership interest bill of sale. We’ve written up an entire article on how to transfer property into an LLC.

How do I know I own a Wyoming LLC?

Great question. Almost every Secretary of State or Division of Corporations does not have companies supply a list of owners. It is generally assumed that the managers or members of an LLC are the owners and that officers and directors of a Wyoming Corporation are the owners. This is not always the case. In Wyoming, you do not list the members or managers on the articles of organization or the annual report. It’s super easy to file the documents to form the LLC, but hard to have well written private documents that prove you own the WY LLC. We include all these documents with every Wyoming LLC order and we only charge $100 total to do so. If you’d like to tackle it on your own, a key element is the LLC meeting minutes and we have many free LLC forms you can use.

Could I move my LLC to Wyoming?

Yes, there’s a process, and we do it for you for only $100. You can do it yourself, it’s just a lot of filings. If you formed an LLC in another state, you can move your LLC to Wyoming and it when you do a name search for your LLC in Wyoming it will show your original formation date of when you organized it in another state and Wyoming gives you a certificate with that date on it.

What are the Wyoming LLC taxes?

There is no personal or corporate income tax in Wyoming. Many people use Wyoming LLCs as Wyoming holding companies to minimize their business taxes. Wyoming has about 6% sales tax if you go to Wyoming and buy something or if you had a brick and mortar business in Wyoming selling something to another Wyoming resident. There are no sales tax reports or anything Wyoming LLCs have to file.

What else should I know about my Wyoming LLC?

Many people form a Wyoming LLC and do not have a competent registered agent that will help them maintain it. If your Wyoming LLC is delinquent with the state, you can complete a Wyoming LLC Reinstatement, and switch to us at the same time.

If you’re all done with your Wyoming LLC, there is a process to formally close it. It’s called a Wyoming LLC Dissolution.

Wyoming LLC vs Wyoming Corporation:

The biggest difference is that Wyoming LLCs can be formed without providing the names of management on public documents. Wyoming Corporations do not have to list the names on the articles, but on the annual report, you must submit the officers and directors names. The asset protection levels are basically the same. They can be taxed the same with the IRS. They can both be formed as a close LLC or a close corporation for sole owners. They both cost the same to form and maintain in Wyoming.

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